2017 catastrophe losses News
Fitch Affirms Liberty Mutual’s Financial Strength Ratings but Lowers Outlook
While Fitch affirmed Liberty Mutual Group's financial strength ratings, the news isn't all good: Its ratings outlook got lowered a notch. Liberty Mutual's tough 2017 is largely to blame for the ...
Catastrophes Dipped in 2017 But Caused More Economic Damage: Swiss Re Sigma
Though there were fewer catastrophes globally in 2017 than the previous year, they caused significantly more damage, and the year's historic hurricane season is largely to blame, according to the ...
Disciplined Exposure Management Helps Reinsurers Absorb 2017 Catastrophes: Fitch
The global reinsurance industry demonstrated resiliency following the record level of catastrophe losses in 2017, as very strong capitalization and effective risk management enabled the sector to ...
U.S. Small Businesses Hammered by Uninsured Losses From 2017 Storms
Small businesses in the United States struggled with uninsured damages and lost revenue following a record-breaking year of hurricanes and wildfires, according to a Federal Reserve survey published ...
Commercial Property Insurance Rate Hikes Easing From Early Spikes: Willis Towers Watson
Commercial property insurance rate increases are easing off initial spikes following 2017's record natural catastrophe losses, but commercial insurance buyers still face upward pricing pressure on ...
U.S. P/C Catastrophe Losses Reached a Record $53B in 2017: A.M. Best
U.S. P/C insurance catastrophe losses in 2017 reached $53 billion in 2017, a surge of close to 110 percent compared to 2016, according to a new A.M. Best report. As expected, insured losses from ...
AXIS Capital’s Q4 Is a Money-Loser; CEO Benchimol Blames Catastrophes, Ogden Rate Change
AXIS Capital Holdings rounded out 2017 with a money-losing quarter, but the Bermuda-based insurer and reinsurer blamed more than just "significant" catastrophe losses. AXIS reported a 2017 fourth ...
Aspen CEO O’Kane: Insurance Division ‘The Source of Considerable Poor Performance’
Aspen Insurance Holdings lost nearly $185 million in the 2017 fourth quarter, or $3.25 per diluted share. The struggling Bermuda-based insurer and reinsurer also saw its consolidated combined ratio ...